The State of Oklahoma Area Home Supply Charts

This page looks at a variety of Oklahoma housing market data taken from the most recent 2021 American Community Survey census data. Housing units are structures such as a single family home, apartment community, mobile home park, public housing, etc. where a person or family live and live separately from other residents of the building. Figure 1 shows the total number of housing units for each city. Oklahoma depicts it has a Housing Units of 1,740,972 which is the third most housing units of all other states in the greater Oklahoma region.

Figure 2 illustrates the housing density in the Oklahoma housing market as measured by housing units per square land mile (includes single family homes, apartments, etc.) the state of depicts it has a Housing Density of 25.3 which is in the mid point range of other states in the surrounding region. The state with the highest housing density in the group is Louisiana which depicts a density of 48.0 (about twice as large).

In Figure 4, Oklahoma area change in the number of housing units and is a forward gauge (along with population change) for any potential housing shortage. the state of depicts it has a Housing Unit Change of 4.6% which is in the middle range of other states in the area. The state with the highest change in the housing units in the group is Texas which depicts a housing units of 11.4% (approximately 2.5 times bigger).

Figure 5 shows the percentage of rental property based on that they are occupied by renters as a percent of the total number of households in the community (including homes, apartments, etc.) the state of depicts it has a Renter Percent of 33.9% which is the third most renter percent of all other states in the greater Oklahoma region. Figure 6 illustrates the total number of housing units that are occupied by owners. it has a Owner Percent of 66.1% which is the second most owner percent of all the states in the greater Oklahoma region.

The State of Oklahoma Home Cost Charts

Looking at the housing data provided in Figure 7, the average Oklahoma home price is illustrated for this community and a useful analysis of affordable housing. Oklahoma depicts it has a Median Home Value of $142,400 which is the third most median home prices of all other states in the greater Oklahoma region. The state with the highest median home price in the group is Texas which shows a home price of $187,200 (31.5% larger). Figure 8 provides aggregate comparative data for the Oklahoma metro area in terms of the median housing rental rate, apartment rent, etc. the state of shows it has a Median Gross Rent of $818 which is the third most rental rates of all other states in the greater Oklahoma region. The state with the highest rental rates in the group is Texas which shows a rental rates of $1,082 (32.3% larger).

Figure 9 provides the frequency distribution of home prices for the area and is useful for understanding affordable housing fund. Oklahoma has one of the largest proportions of home price worth less than $50,000 at 21% of the total and is ranked #2. The only larger state being Arkansas with 23%. Second, it has the largest proportion of home price worth between $50,000 to $100,000 at 38% of the total and is ranked #1.

Median owner costs for the real estate market are shown in Figure 10 and include the costs associated with any mortgage, utility expenses, insurance, and other miscellaneous costs. the state of depicts it has a Median Owner Cost of $805 which is the second most median ownership cost of all the states in the greater Oklahoma region. Figure 11 shows the median amount of cost as a percent of total household income for people who own homes in the Oklahoma metro area. it has a Owner Cost as % of HH Income of 15% which is the second most cost as a percent of household income of all the states in the greater Oklahoma region.

The next chart, Figure 12, provides a comparison chart of the median home cost as a percent of a median worker take home earnings and is thus a valuable measure of affordable housing. the state of shows it has a Median Home Value as Percent of Median Earnings of 335% which is the third most median home value as a percent of median worker earnings of all other states in the greater Oklahoma region.

Figure 14 depicts the median cost of housing for owners with also have a mortgages (versus those who do not have a mortgage because mortgage cost is included.) the state of shows it has a Median Owner Costs-With Mortgage of $1,246 which is the third most of all other states in the local area. Figure 15 is a chart that shows the median housing costs for owners who do not have mortgages (and therefore the cost of home ownership does not include mortgage cost.) it has a Median Owner Costs-Without Mortgage of $406 which is the second most median housing cost of all the states in the greater Oklahoma region.

Figure 16 shows the distribution in total housing cost for owners of property (so not renters.) This cost includes mortgages, lines of credit interest, utilities, taxes, insurance, etc. Oklahoma has the largest proportion of owner cost between $300 and $500 at 13% of the total and is ranked #1. Second, it has the largest proportion of owner cost between $700 and $1,000 at 21% of the total and is ranked #1.

Next shown in Figure 17 is the housing cost as a percent of household income for people who own their homes and have a mortgages (thus the cost of financing the home is included.) the state of shows it has a % of Income Owner Costs-With Mortgage of 19% which is the third most cost as a percent of household income of all other states in the greater Oklahoma region. The state with the highest cost as a percent of household income in the group is Texas which shows a cost as a percent of household income of 21% (8.9% larger). Housing cost as a percent of household income for owners who do not have a mortgage is shown in Figure 18. This analysis can be useful for understanding the affordable housing for home ownership excluding any financing cost in the area shown. the state of depicts it has a % of Income Owner Costs-No Mortgage of 10% which is the second most cost as a percent of household income of all the states in the greater Oklahoma region. The state with the highest cost as a percent of household income in the group is Texas which shows a cost as a percent of household income of 11% (12.0% larger).

Figure 19 looks at the cost of rent for rental property using the percent of total household income which is a valuable measure of financial health for the area. (The higher the proportion of rent payments to total household income is a sign of greater financial stress. Also, rent can be covered by rent assistance and rent assistance programs in the form of rent assistance.) Oklahoma has the largest proportion of rent as a percent of income is less than 10 pct at 23% of the total and is ranked #1. Second, it has the smallest proportion of rent as a percent of income is between 20pct to 30pct at 13% of the total. Third, it has one of the largest proportions of rent as a percent of income is between 40pct to 50pct at 19% of the total and is ranked #3. Only #2 Texas (21%), and #1 Louisiana (24%) are larger.

Figure 21 shows median amount of real estate taxes paid for home owners in the region. it has a Median Real Estate Taxes Paid of $1,270 which is the second most of all the states in the surrounding region. The state with the highest median real estate taxes paid in the group is Texas which shows a taxes paid of $3,281 (approximately 2.6 times bigger).

Figure 22 shows the percentage of renters who pay for utilities in Oklahoma. This is calculated as the percent of renters who pay separately for utilities versus the people who have utilities included as part of amenities. Oklahoma has the largest proportion of pay extra for utilities at 9% of the total and is ranked #1.

Figure 23 shows the rental rate distribution for this area. Oklahoma has the largest proportion of rent between 500 and 750 dollars at 27% of the total and is ranked #1.

The State of Oklahoma Home Financing Charts

The analysis in Figure 25 shows the detailed distribution of owned homes by mortgage status. Oklahoma has the smallest proportion of With Multiple Mortgages at 0% of the total. Second, it has the largest proportion of Primary Mortgage and HELOC at 1% of the total and is ranked #1. Third, it has the smallest proportion of Mortgage and 2nd Mortgage at 0% of the total.

The State of Oklahoma Home Characteristics Charts

Figure 28 shows the household size for families living in the area and it has a Family size of 3.3 which is the third most family members per housing unit of all other states in the greater Oklahoma region. The state with the highest family members per housing unit in the group is Texas which shows a family members per housing unit of 3.5 (7.7% larger).

Figure 29 show the median number of rooms in a typical home for each location in this area. it has a Median Number of Rooms of 5.5 which is the most of all states in the greater Oklahoma region. Figure 30 shows, for the average house in each location, the median year that a house was built. This can be useful for understanding the relative age of one neighborhood versus another for a real estate investor. it has a Median Year Built of 1979 which is in the intermediate range of other states in the metro area. The state with the highest year built in the group is Texas which shows a year built of 1987 ( about the same size).

Figure 31 looks at the distribution of housing units by the median age that the homes were built. has the smallest proportion of homes built in 2014 or later at 4% of the total. Second, it has the smallest proportion of homes built between 2010 to 2013 at 13% of the total. Third, it has the smallest proportion of homes built between 2000 to 2009 at 12% of the total. Also, it has the largest proportion of homes built between 1980 to 1989 at 19% of the total and is ranked #1. In addition, it has the largest proportion of homes built between 1960 to 1969 at 10% of the total and is ranked #1. Furthermore, it has the largest proportion of homes built between 1950 to 1959 at 5% of the total and is ranked #1. Next it has the largest proportion of homes built between 1940 to 1949 at 8% of the total and is ranked #1.

Figure 32 shows the difference in the number of housing units based on whether they are occupied by owners versus occupied by renters. it has one of the largest proportions of owner housing units at 507,014 of the total and is ranked #3. Only #2 Louisiana (584,328), and #1 Texas (3,737,262) are larger.

Figure 33 shows the difference in the number of housing units based on whether they are occupied by owners or renters. has the smallest proportion of 2 units at 3% of the total.

Figure 34 shows the median value of homes broken down by the median year that the homes were built. it has one of the largest proportions of value of homes built 2014 or later at $227,700 of the total and is ranked #2. The only larger state being Texas with $264,300. Second, it has one of the largest proportions of value of homes built 2010 to 2013 at $201,100 of the total and is ranked #3. Only #2 Louisiana ($209,900), and #1 Texas ($235,400) are larger. Third, it has one of the largest proportions of value of homes built 2000 to 2009 at $167,700 of the total and is ranked #3. Only #2 Louisiana ($183,400), and #1 Texas ($215,000) are larger. Also, it has one of the largest proportions of value of homes built 1990 to 1999 at $139,500 of the total and is ranked #3. Only #2 Louisiana ($158,900), and #1 Texas ($170,300) are larger. In addition, it has one of the largest proportions of value of homes built 1980 to 1989 at $131,700 of the total and is ranked #3. Only #2 Texas ($155,400), and #1 Louisiana ($158,100) are larger. Furthermore, it has one of the largest proportions of value of homes built 1970 to 1979 at $111,300 of the total and is ranked #3. Only #2 Texas ($137,600), and #1 Louisiana ($144,300) are larger. Next it has one of the largest proportions of value of homes built 1960 to 1969 at $91,100 of the total and is ranked #3. Only #2 Texas ($109,700), and #1 Louisiana ($134,400) are larger. Additionally, it has the smallest proportion of value of homes built 1950 to 1959 at $77,900 of the total. And then, it has the smallest proportion of value of homes built 1940 to 1949 at $90,900 of the total.

The next two charts show both the average household size of homeowners versus the average household size of renters. Starting with Figure 36 we see the household size of homeowners for Oklahoma residents. it has a Owner-Household Size of 2.6 which is the third most homeowner household size of all other states in the greater Oklahoma region. The state with the highest homeowner household size in the group is Texas which depicts a homeowner household size of 3.0 (13.7% larger).

Figure 37 shows the household size for renters. the state of shows it has a Renter-Household Size of 2.5 which is the second most renter household sizes of all the states in the greater Oklahoma region. The state with the highest renter household size in the group is Texas which shows a renter household sizes of 2.6 (only about 4.9% larger). Figure 38 shows the year that people who own homes moved into this region. it has the largest proportion of owners moved in 2019 or later at 20% of the total and is ranked #1. Second, it has the largest proportion of owners moved in 2015 to 2018 at 22% of the total and is ranked #1. Third, it has the smallest proportion of owners moved in 2010 to 2014 at 29% of the total. Also, it has the smallest proportion of owners moved in 2000 to 2009 at 13% of the total. Figure 39 shows the year that people who rent moved into the area. Oklahoma has the largest proportion of renters moved in 2019 or later at 54% of the total and is ranked #1. Second, it has the smallest proportion of renters moved in 2015 to 2018 at 22% of the total. Third, it has the smallest proportion of renters moved in 2000 to 2009 at 2% of the total.

Figure 40 compares the median year that home owners moved into their home. it has a Owner Median Year Moved In of 2006 which is the second most median year that a home owner moved in of all the states in the greater Oklahoma region. Figure 41 compares the median year that renters moved into their home. the state of depicts it has a Renter Median Year Moved In of 2016 which is the largest of all states in the greater Oklahoma region.

Figure 42 shows the frequency distribution of various types of energy sources used for homes in the community. has the smallest proportion of home using bottled, tank, or lp gas at 40% of the total. Second, it has the largest proportion of home using electricity at 0% of the total and is ranked #1. Third, it has the smallest proportion of homes using wood at 0% of the total. Also, it has the largest proportion of homes using solar energy at 1% of the total and is ranked #1.

The next two charts show the number of people living in group quarters and includes temporary as well permanent housing which may be run by the Oklahoma housing department, department, or other housing authority or public housing agency. beginning with Figure 43 which shows the total number of people. the state of depicts it has a Total In Group Quarters of 109,738 which is the third most number of people in group quarters of all other states in the greater Oklahoma region.